Blog: Dean BestRose faces thorny issue

Dean Best | 8 July 2009

just-food is currently in attendance at Marks and Spencer’s highly anticipated AGM, where chairman and CEO Sir Stuart Rose is expected to face his shareholder critics.

Rose has attracted disapproval from shareholders over his dual role as chairman and chief executive, a breach of UK corporate governance best practice.

M&S has argued that the company requires stability as it looks to appoint a successor to Rose.

However, many shareholders remain unconvinced and a motion, proposed by the vocal Local Authority Pension Fund, will today (8 July) seek to set a deadline of July 2010 for the appointment of a new independent chairman.

How will Sir Stuart respond to such censure?

For live notes from the AGM, check out just-food’s observations on Twitter.


BLOG

UK consumers to cut back on fruit and veg - and point to Brexit, study says

Whatever your view on Brexit, a piece of research issued today (18 July) in the UK on fruit and veg consumption will likely unite more of you than last year's divisive vote....

BLOG

Cyber attack - another wake-up call for business

A month after an international cyber attack hit entities including the UK's National Health Service and Spanish telecoms giant Telefonica, another has caused havoc around the world, affecting business...

BLOG

A bad fortnight for self-regulation

Recent events in Canada, Brussels and the UK suggest the task of defending self-regulation as the best way to prevent the commercial activities by food companies from exacerbating childhood obesity is...

just-food homepage



Forgot your password?